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Withdrawals exceeding the 10% annual free-withdrawal limit, or a full surrender during the guarantee period, are subject to withdrawal charges. Charges decline each year until reaching 0% after the withdrawal charge period. All funds become fully penalty-free after year five.

Not applicable – all features are built into the standard contract.

None. No annual maintenance or policy fees.

If the owner dies before annuitization, beneficiaries receive the full contract value. Withdrawals reduce the death benefit and contract value.

During the first contract year, owners may withdraw up to 10% of the purchase payment without surrender charges. Beginning in year two, up to 10% of the contract value (based on the prior anniversary value) may be withdrawn annually without surrender charges. Unused free-withdrawal amounts may accumulate during the withdrawal charge period.

Protective Life – Balance Annuity 5 (Return of Premium) is a Single Premium Deferred Annuity (SPDA) that credits a fixed interest rate for the full 5-year guarantee period. The contract is funded with a one-time premium payment and grows tax-deferred. During the withdrawal charge period, owners may take annual penalty-free withdrawals up to 10% of the purchase payment in year one and 10% of the contract value in subsequent years. Withdrawals exceeding this amount may be subject to withdrawal charges.

At the end of the 5-year guarantee period, the contract renews at the then-current renewal rate, guaranteed for one year and reset annually thereafter.

Equals the accumulation value minus applicable surrender charges during the term. After the 5th year, the full accumulation value is available penalty-free.

 is a single-premium deferred fixed annuity that provides a guaranteed 5-year interest rate, tax-deferred growth, and principal protection. This version includes the Return of Premium (ROP) feature, ensuring that surrender value will not fall below the initial premium paid (less prior withdrawals), offering an added layer of principal security during the withdrawal charge period. It is designed for conservative clients seeking predictable growth with enhanced downside protection.

Withdrawals exceeding the penalty-free allowance or full surrender prior to maturity incur the following declining charge schedule:

 Guarantees that policyholders will receive at least the full premium paid, regardless of market conditions or surrender timing. This ensures that even early surrenders will not result in loss of principal.

None. No annual contract fees apply. The only potential deductions are surrender charges applied to excess withdrawals during the term.

Upon death of the owner, beneficiaries receive the full account value, free of surrender charges, ensuring full value payout.

Each policy year, the owner may withdraw up to

Single-premium deferred annuity issued for both retirement and non-retirement funds.

The Foundation 5 with ROP offers a guaranteed fixed interest rate for five years and is available for both qualified and non-qualified funds. It includes all standard liquidity provisions of the base product, along with the added assurance of a Return of Premium feature for maximum security.

At maturity, the contract automatically renews at Protective’s then-current declared rate, or the owner may withdraw or annuitize without penalty.

Equal to the greater of (a) accumulation value minus surrender charges or (b) original premium under the ROP provision.

 is a single-premium Multi-Year Guaranteed Annuity (MYGA) that builds upon the base Foundation 5 with an added safety feature—the 

 This ensures that even if the contract is surrendered early and surrender charges apply, the policyholder will never receive less than their original premium amount.

Issued by Protective Life Insurance Company, this annuity blends steady fixed growth, full principal protection, and guaranteed liquidity, offering peace of mind to investors who value both consistent accumulation and downside protection. It’s especially suitable for those nearing retirement who may need flexibility without forfeiting principal.

Withdrawals above the penalty-free allowance or full surrender before the end of the 5-year period incur the following declining surrender charge schedule:

None. All liquidity and waiver provisions are built into the standard contract.

None. No annual policy or maintenance fees apply. The only costs that may occur are the scheduled surrender charges during the 5-year guarantee period.

If the owner passes away during the accumulation phase, the 

 is paid to beneficiaries, without any reduction for surrender charges. This ensures immediate and penalty-free value transfer.

Once per contract year, the owner may withdraw up to 

 if greater, without penalty. This feature provides liquidity while maintaining long-term savings objectives.

 It is a single-premium deferred annuity, meaning only one premium payment is permitted at issue, and no additional contributions may be made later.

The Foundation 5 is a fixed, single-premium deferred annuity offering guaranteed accumulation for five years. It is available for both qualified (Traditional, Roth, SEP IRAs) and non-qualified funds, and is backed by Protective Life’s strong financial foundation. There are no ongoing administrative or policy maintenance fees, and the minimum investment is accessible to a broad range of savers.

At the end of the 5-year period, the annuity automatically renews under Protective’s then-current declared renewal rate. Policyholders may also choose to withdraw or annuitize their funds with no surrender charges, allowing complete flexibility at maturity.

During the 5-year guarantee period, the surrender value equals the 

accumulation value minus applicable surrender charges.

 After the 5th year, the contract value is fully available without penalty.

 is a single-premium Multi-Year Guaranteed Annuity (MYGA) designed for individuals seeking secure, tax-deferred growth and full principal protection over a guaranteed 5-year period. Issued by Protective Life Insurance Company, it offers predictable accumulation, penalty-free annual withdrawals, and fixed interest for the entire term. This annuity is well-suited for conservative savers and retirement-focused investors who prefer stability, liquidity, and guaranteed returns without exposure to market volatility.

The Foundation 5 also provides flexibility through annual renewal options, allowing policyholders to continue growing their funds at the then-current declared rate, withdraw the accumulated value, or annuitize without surrender penalties at term-end.

Withdrawals exceeding the free-withdrawal allowance or full surrender before maturity are subject to declining surrender charges, but the ROP ensures the policyholder never receives less than the original premium paid.

 Guarantees 100% of the original premium paid will be available upon surrender, even if surrender occurs during the charge period.

None. No annual maintenance or policy fees. The only possible deductions are surrender charges during the 5-year term.

Full account value paid to beneficiaries without reduction for surrender charges.

 Charges waived after 90 consecutive days of confinement.

 Exempts withdrawals taken to satisfy Required Minimum Distributions.

Up to 10% of the accumulation value, or Required Minimum Distributions (RMDs) if greater, may be withdrawn annually without surrender charge.

Single-premium deferred annuity available for 

This deferred fixed annuity guarantees a fixed rate for five years with no annual maintenance fees. Available for both qualified (IRAs, SEPs, Roth IRAs) and non-qualified funds, it supports a range of retirement and savings goals.

Automatically renews at Protective’s current declared rate after the 5-year term, or the policyholder may withdraw or annuitize funds without penalty.

The greater of (a) the accumulation value minus surrender charges, or (b) the original premium amount (under the ROP feature).

Protective Balance Annuity 5 with Return of Premium (ROP)

 is a single-premium Multi-Year Guaranteed Annuity (MYGA) designed to provide steady, tax-deferred growth over a guaranteed 5-year term. This version includes a Return of Premium benefit, ensuring the policyholder always receives at least the initial premium amount upon full surrender, even if surrender charges apply.

Issued by Protective Life Insurance Company, this annuity combines predictable accumulation, full principal protection, and enhanced liquidity through the ROP feature—ideal for conservative savers seeking guaranteed returns with downside protection.

Withdrawals above the penalty-free amount or full surrender prior to the end of the 5-year term are subject to declining charges.

Protective® Series Balance Annuity is a Single Premium Deferred Annuity (SPDA) that credits a fixed interest rate for the entire 5-year guarantee period. The owner makes a one-time premium payment, and interest grows tax-deferred. During the withdrawal charge period, the contract allows annual penalty-free withdrawals up to 10% of the purchase payment in year one and 10% of contract value in subsequent years. Withdrawals exceeding this amount may be subject to withdrawal charges. After the 5-year guarantee period, the contract renews at the declared renewal rate.

Protective® Series Balance Annuity (5-Year)

 is a single-premium deferred fixed annuity issued by Protective Life Insurance Company that provides a guaranteed 5-year interest rate, tax-deferred growth, and principal protection. This version includes an enhanced purchase payment bonus and higher credited rates in exchange for not electing the Return of Premium feature. It is designed for conservative accumulation with predictable growth and structured liquidity.

Withdrawals above the penalty-free allowance or a full surrender during the guarantee period incur a declining surrender charge. Once the guarantee period ends, these charges no longer apply. 

No optional riders are required. Access to funds for RMDs and qualifying events is automatically included.

None. There are no annual maintenance or policy fees; growth is fully credited at the declared rate.

Upon the owner’s death, the beneficiaries receive the full accumulation value. All surrender charges are waived, ensuring that the entire value is transferred without reduction.

 – Includes automatic waivers for qualifying life events:

 – Surrender charges waived after 90 days of qualified confinement.

 – Charges waived upon certified terminal diagnosis.

Each policy year, the owner may withdraw up to 

 without penalty (or RMDs if greater). This feature provides liquidity while preserving contract value.

 accounts. Limited flexible-premium structure applies.

Issued by Protective Life Insurance Company (PLIC), this annuity credits a fixed interest rate for the selected guarantee period. It accepts an initial premium at issue and allows limited additional premiums within contract guidelines. At maturity, owners may renew, withdraw, or annuitize without penalty. The contract provides standard penalty-free withdrawal features and nursing-home/terminal-illness waivers for added flexibility.

At the end of the guarantee period, the policy automatically renews at Protective’s then-current declared rate. The owner may also choose to withdraw or annuitize the full accumulation value without any surrender charge.

During the guarantee period, the surrender value equals the accumulation value minus any applicable surrender charges and Market Value Adjustment (MVA). After the term ends, the full accumulation value is available without penalty.

limited flexible-premium Multi-Year Guaranteed Annuity (MYGA)

Designed for conservative savers, it provides 

predictable accumulation, liquidity through penalty-free withdrawals,

 and waivers for qualifying health events. The Secure Saver delivers short-to-mid-term growth stability backed by 

, a subsidiary of Protective Life Corporation.

Withdrawals that exceed the 10% annual penalty-free withdrawal amount, or a full surrender during the withdrawal charge period, may be subject to a withdrawal charge that is based on the date the initial purchase payment is received and the selected interest rate guarantee period. The charge schedule declines annually by term until the schedule ends at the conclusion of the selected guarantee period. 

Withdrawals that exceed the 10% annual penalty-free withdrawal amount are subject to withdrawal charges based on (1) the date the initial purchase payment is received and (2) the selected interest rate guarantee period. The brochure provides a withdrawal charge schedule by term and contract year, declining annually until the schedule ends at the end of the selected term.

 Waives surrender charges for Required Minimum Distributions.

None. The annuity has no annual policy or administrative fees, ensuring that all credited interest is retained by the policyholder.

A key benefit is the ability to pre-determine how death benefit payments will be distributed to beneficiaries. The brochure describes this as simplifying the claims process, with payments beginning 30 days after proof of death is received, and potentially spreading taxes across payments while supporting beneficiaries who may prefer a structured payment schedule.

• Nursing facility confinement / terminal condition waiver:

 After the first contract year, the owner may withdraw all or a portion of contract value with no withdrawal charge if the owner or spouse becomes confined to a qualified medical care facility for at least 30 consecutive days, or is diagnosed with a terminal condition expected to result in death within 12 months (state variations may apply; terms and conditions apply).

The owner may withdraw all or a portion of contract value with no withdrawal charge if the owner or spouse becomes unemployed (terms and conditions apply).

Owners may withdraw up to 10% of the contract value each year with no withdrawal charge. In subsequent years, the penalty-free amount equals 10% of the contract value as of the prior contract anniversary. The free-withdrawal provision is non-cumulative. Withdrawals reduce contract values and may be taxable; if taken prior to age 59½, an additional 10% IRS tax penalty may apply. 

 funds. Issued as a single-premium contract—no additional premiums permitted after issue.

Protective® Smart Saver NY is a limited flexible premium-deferred fixed annuity. “Limited flexible premium” means the owner may—but is not required to—make additional premium payments, and only during the first contract year. Interest grows tax-deferred, and because taxes are deferred until withdrawal, credited interest can compound annually. The annuity provides penalty-free access to funds through annual 10% free withdrawals and waiver provisions that may eliminate withdrawal charges if certain qualifying events occur. It also offers several income payout options, including lifetime and period-certain structures and refund options, allowing the owner to turn accumulated value into guaranteed income payments.

At the end of the selected guarantee period, the policy automatically renews at Protective’s then-current declared rate, unless the owner elects to withdraw or annuitize without penalty.

Withdrawals reduce the annuity’s death benefit, contract value, cash surrender value, and future earnings, and that during the withdrawal charge period, withdrawals above the penalty-free amount may be subject to a withdrawal charge.

 Fixed Annuity is a fixed, limited flexible premium-deferred annuity available only in New York, designed to help clients build retirement income with guaranteed principal protection and tax-deferred, compounded interest growth. The contract credits a competitive fixed interest rate that is guaranteed for the full duration of the selected 4-, 5-, 6-, or 7-year interest rate guarantee period (unless the contract is fully withdrawn). It also includes, at no additional cost, a Return of Purchase Payment feature and offers an optional pre-determined death benefit distribution to help beneficiaries receive death benefits through a structured payment approach.

Withdrawals exceeding the penalty-free amount or full surrender during the guarantee period are subject to a declining surrender charge schedule, starting at 7% in Year 1 and reducing annually over the selected term. The schedule ensures short-term liquidity limits while preserving long-term stability.

Hi Nikhil,  Quick clarification on the Protective® Secure Saver Fixed Annuity: The rate sheet lists three premium bands — Under $25,000, $25,000–$74,999, and $75,000+ — but the product’s minimum premium requirement is $25,000.  Should we still display the “Under $25,000” tier for completeness (since it appears on the official rate sheet), or exclude it from our CMS entries to avoid confusion for agents and clients?  Just want to make sure our listings remain consistent and clear across all products.

None optional. All available benefits are automatically included.

No annual administrative or maintenance fees apply. The only potential deductions are 

 for early withdrawals and interest adjustments if applicable.

 upon the owner’s death, payable without surrender charges.

 each contract year without penalty, starting in the first policy year.

 (Traditional IRA, Roth IRA, SEP IRA) and

Issued by Protective Life Insurance Company, this fixed annuity is available in all states except New York. The contract guarantees a fixed rate of interest for the full term selected and includes flexible premium features for added contribution options during the first contract year. It is designed for both qualified and non-qualified funds, making it suitable for retirement savings or conservative investment portfolios. The annuity offers principal protection, a competitive credited rate, and flexible liquidity provisions to meet changing financial needs.

At the end of the 5- or 7-year guarantee period, the contract automatically renews at Protective’s then-current declared rate. Policyholders may also choose to withdraw or annuitize their funds without penalty.

Equal to the accumulation value minus applicable surrender charges, if any. After the guarantee period, the full accumulation value is available without penalty.

Fixed Annuity is a limited flexible-premium deferred annuity designed to deliver guaranteed interest growth, principal protection, and tax-deferred accumulation over multi-year guarantee periods. It offers a fixed interest rate that remains unchanged for the selected term (5 or 7 years), providing steady, predictable growth regardless of market fluctuations. Policyholders can make additional contributions during the first 12 months and withdraw funds within certain limits without penalty. At the end of the guarantee period, the contract may be renewed, annuitized, or fully withdrawn with no surrender charge.

Protective Life – Balance Annuity 5-Year (Return of Premium)

Protective Life – Foundation 5 (ROP)

Protective Life – Foundation 5

Protective – Balance Annuity 5 with Return of Premium (ROP)

Protective Life – Balance Annuity 5 (No ROP)

Protective – Secure Saver (5-, 7-Year Terms)

Protective Life (NY) – Smart Saver NY

Protective® Secure Saver